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Jan 2, 2012
01/12
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. >>> in health news now, head sin to treat attention deficit hyperactivity disorder, are in short supply that many patients are not finding enough pills. the shortage is due to low manufacturing limits set by the drug administration, in after effort to minimize abuse. you can always head to the web. check out the health page online at msnbc.com pp. >>> the jets' season comes to the end. when the giants head to the playoffs. a texans linebacker makes a helmet-to-helmet hit without a helmet. your first look at sports is straight ahead. >>> welcome back to "first look." in sports last night, its was all or nothing for the new york giants, as they claim the nfl's last playoff spot. >> good morning. win and you're in. simple enough. and the new york giants made it look easy. the g-men came to play against the cowboys. eli manning hits nelson cruz. and cruz does the rest. outrunning the defense and going 74 yards to the house. giants up 7-0. and never looked back. they beat dallas, 31-14. they play atlanta next sunday. that's because the falcons made the buccaneers walk the plank. atlanta was
. >>> in health news now, head sin to treat attention deficit hyperactivity disorder, are in short supply that many patients are not finding enough pills. the shortage is due to low manufacturing limits set by the drug administration, in after effort to minimize abuse. you can always head to the web. check out the health page online at msnbc.com pp. >>> the jets' season comes to the end. when the giants head to the playoffs. a texans linebacker makes a helmet-to-helmet hit...
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Oct 25, 2012
10/12
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well, we created 22 million new jobs and turned deficits into surpluses. president obama's got to right. we should invest in the middle class, education and innovation, and pay down our debt with spending restraint and asking wealthy to pay a little more. sound familiar? >> i'm barack obama and i approve this message. >> "the new york times" this morning, matt bye, the writer, suggesting president clinton may have hurt the campaign by giving advice. he writes, mr. clinton counselled that independent voters might forgive am romney for having said whatever he had to say to win his party's nomination. ever since the campaign has been hammering mitt romney as too conservative while essentially giving him a pass for having traveled a tortured path on issues like health care reform and abortion and gay rights. some say they're looking for a scapegoat in case president obama loses the election. >>> a suspect is in custody in tunisia for the deadly raid on the american consulate in benghazi. reporting another suspect in the attack was killed in a shootout in cairo
well, we created 22 million new jobs and turned deficits into surpluses. president obama's got to right. we should invest in the middle class, education and innovation, and pay down our debt with spending restraint and asking wealthy to pay a little more. sound familiar? >> i'm barack obama and i approve this message. >> "the new york times" this morning, matt bye, the writer, suggesting president clinton may have hurt the campaign by giving advice. he writes, mr. clinton...
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Sep 16, 2012
09/12
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FBC
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. >> brenda: there goes that deficit and the debt, steve, what do you think of that? >> no, i think, first of all, it worked last year and then they stopped doing it and the economy slowed down last year. >> brenda: wait a minute, unemployment above 8% still? >> the economy was growing far greater last year at this point in time than it is this year. >> and commodity prices-- >> this fed changed the policy of course they should be doing it. and there's no danger of inflation. >> he's right. >> the economy has a tremendous amount of excess capacity right now. with the unemployment where it is, there's no chance of inflation anytime soon. >> steve, steeve, i've been on your side of it for a while because of the excess capacity. and jump the shark when we said we're going to have unlimited supply of new cash coming in, number two, we're going to go until job rates come down to 6 or 7% and we've never had any, and this is monetary poly, guys, we're not doing anything and nobody is searching jobs and because interest. >> stocks love it and bonds hate it, so we're going to
. >> brenda: there goes that deficit and the debt, steve, what do you think of that? >> no, i think, first of all, it worked last year and then they stopped doing it and the economy slowed down last year. >> brenda: wait a minute, unemployment above 8% still? >> the economy was growing far greater last year at this point in time than it is this year. >> and commodity prices-- >> this fed changed the policy of course they should be doing it. and there's no...
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Dec 30, 2012
12/12
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FBC
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the most deficit reduction is going to come from no deal. and that's what we need. that's what this economy needs, the biggest threat to economic growth, if the deficit and the debt, 4 trillion, everybody talks about it as somome sort of grand bargain. it's barely a start. this isn't a fiscal cliff, it's a fiscal bun hill, let's slide down it. >> if we slide down, jonas, in the first t week, people are going to open up the paycheck and see less money there. i don't think that people understand that at this point. >> people get used to tax cuts, that's the problem. short-term expiring tax cuts, including e paoll tax cut. you know, it's not the best way to solve a problem, but this cliff is the result of not coming up with deals and they're not going to come up with battery deal if it' negotiated it's not the ideal way to solve it out after deficit. we'd like to gradually raise taxes and cut spending, but this is the best we're going to get. any of the deals they would agree on, probably leave us to the oer guest's int, close t a trillion dollars anyway, and it's the
the most deficit reduction is going to come from no deal. and that's what we need. that's what this economy needs, the biggest threat to economic growth, if the deficit and the debt, 4 trillion, everybody talks about it as somome sort of grand bargain. it's barely a start. this isn't a fiscal cliff, it's a fiscal bun hill, let's slide down it. >> if we slide down, jonas, in the first t week, people are going to open up the paycheck and see less money there. i don't think that people...
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Jun 11, 2012
06/12
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KPIX
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john breaux says he would like to find a middle ground with the governor in how to close the budget deficit. the lawmakers opposed brown's proposal the cut about $2 million in the welfare program. the state of emergency for areas in florida, plus a full body stand what it is saying about dangerous levels of radiation. >>> and a,,,,,,,,,, [ man ] it's big. supports in times of need. same with aladdin. the biggest in bail. no one has lower prices, is faster or more professional. aladdin bail bonds. bigger because we're better. >>> how temperatures all around the bay area and the flood warnings in the east bay hills. will talk more about that coming up. >>> i will tell you which of the various topics that i will give you more details in just a few minutes. >>> the state of emergency have been declared because of flood and florida. some motorists were stranded after try to make their way on what the streets. >>> we thought the water was relatively shallow in the middle of the road. so we drove to the middle of the road, but in the steeper the what we thought. >>> county officials have because p
john breaux says he would like to find a middle ground with the governor in how to close the budget deficit. the lawmakers opposed brown's proposal the cut about $2 million in the welfare program. the state of emergency for areas in florida, plus a full body stand what it is saying about dangerous levels of radiation. >>> and a,,,,,,,,,, [ man ] it's big. supports in times of need. same with aladdin. the biggest in bail. no one has lower prices, is faster or more professional. aladdin...
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Sep 28, 2012
09/12
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MSNBC
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s debtore anus >> trillion dollar deficits. that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> reporter: but even supporters are split on how romney can win this race. >> there is more fire in the be >> he needs tock wite s. abo t economy. >> reporter: more than half the country already started voting days before the first presidential debate. more numbers now. gallup is reporting the president's approval rating is sticking at 50%. and this could turn out to be his bestonth in a year. >> trapofos washington. thank you. >>> last night on the rachel madow show bill burton talked to racel about the impact or lack thereof super packs are having on the romney campaign. ory tel about mitt t romney is there is no story about mitt romney. the story they tell about barack obama is well he's always bad things. if you're trying to figure out well what is it that - what's the strategy here? how are we trying toin ts ra itorfi on their side. that's why they're so inefficient with their money. spending is a wreck. message is all over the p
s debtore anus >> trillion dollar deficits. that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> reporter: but even supporters are split on how romney can win this race. >> there is more fire in the be >> he needs tock wite s. abo t economy. >> reporter: more than half the country already started voting days before the first presidential debate. more numbers now. gallup is reporting the president's approval rating...
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Jun 16, 2012
06/12
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KBCW
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to pass a state budget with a plan balances the $15.7 billion deficit to it makes your customer to welfare and child care than the governor wanted in my meeting the deadline lawmakers can keep collecting their paychecks reporter elizabeth cook shows us some say this budget is smoke and mirrors. and is not a moment too soon lawmakers passed in $92.1 billion plan they say is the solution to california's budget crisis. >>> we have an opportunity to put this budget deficit behind us. the equates the founding fathers with up to us and said it passed a that a single republican vote to the chairman of the san francisco hispanic republicans as this proposal only offers more problems with no solution. the equates and the budget with nothing for the people except taxes. and more death to the private sector. the budget would include cuts in more than $1 billion to metical $4 million from the courts and a 5% cats to workers' compensation. >>> we produce a but here it is balanced and balance in years to three and four with actual year for having a significant surplus. after a week of debate lawmakers a
to pass a state budget with a plan balances the $15.7 billion deficit to it makes your customer to welfare and child care than the governor wanted in my meeting the deadline lawmakers can keep collecting their paychecks reporter elizabeth cook shows us some say this budget is smoke and mirrors. and is not a moment too soon lawmakers passed in $92.1 billion plan they say is the solution to california's budget crisis. >>> we have an opportunity to put this budget deficit behind us. the...
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Oct 10, 2012
10/12
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. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because you see i'm focused on helping the american people get good jobs. >> reporter: sesame's street now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks in to whether the u.s. was warned of the deadly libya attack. >> twice in the six month lead up, you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama, romney's closing the gap. the latest polls, reuters has them tied. gallup has romney up by two. pew has him up by four. and we were talking about the polls in the balgtd ground sta
. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because...
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Oct 23, 2012
10/12
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we'll see you back up in new york tomorrow. >>> the giants came all the way back from a 3-1 series deficit to force a decisive game seven in the national league championship series with a trip to the world series on the line. they had to battle a desperate cardinals team and a driving rain storm. in the second, giants up 1-06789 that's your starting pitcher, matt cain. bounces one up the middle with a runner on second, helping his own cause. gregor blanco comes around to score. giants up 2-0. the giants offense again in the third. hunter pence a broken bat liner past the shortstop for a hit. jon jay mishandles this thing in center field. all three runs come around to score. giants extend the lead to 5-0. blowing this thing open. they tacked on a couple more in that inning. up 7-0. cardinals offense can't get anything going against matt cain. matt freese swinging in the sixth. cain leaving to a standing ovation. two down now in the ninth a driving, pouring rain. giants up 9-0. matt holliday began the series by taking out marco scutaro with a hard slide at the plate. pops one up to scutaro.
we'll see you back up in new york tomorrow. >>> the giants came all the way back from a 3-1 series deficit to force a decisive game seven in the national league championship series with a trip to the world series on the line. they had to battle a desperate cardinals team and a driving rain storm. in the second, giants up 1-06789 that's your starting pitcher, matt cain. bounces one up the middle with a runner on second, helping his own cause. gregor blanco comes around to score. giants...
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Oct 20, 2012
10/12
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FOXNEWS
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he said that he'd cut in half the deficit. he just hasn't been able to put in place reforms for medicare and social security to preserve them. that's what this election is about. it's about who can get the middle class in this country a bright and prosperous future and assure our kids the kind of hope and optimism they deserve. >> this is the big mega theme that romney is developing, focused on the economy, nationally based, not regionally based. i thought that was his most effective answer in that debate. >> oh, i did, too. i think it was the megaissue. i think that fellow put his finger right on it. how can we relate my economic life, my daily life, to what's going on in the larger economy? and president obama virtually had nothing to say to him. by the time he was done, he was talking about ending the war in iraq and killing bin laden. >> don't forget, but 100,000 -- >> right. >> the romney critique, the litany of obama broken promises that he went through, that was the best part of the debate. i would like to see romney do
he said that he'd cut in half the deficit. he just hasn't been able to put in place reforms for medicare and social security to preserve them. that's what this election is about. it's about who can get the middle class in this country a bright and prosperous future and assure our kids the kind of hope and optimism they deserve. >> this is the big mega theme that romney is developing, focused on the economy, nationally based, not regionally based. i thought that was his most effective...
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Oct 1, 2012
10/12
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including paul ryan tight-lipped on the specifics of the romney plan to cut taxes but not blow up the deficit. >>> and no animals were harmed in the making of this video. skater dude meet deer. that clip later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. >>> we begin with stories from overseas where foreign policy is coming out as the central topic in the election with much of the recent focus on the attack on bengahzi, libya. romney advisers are split on how broadly they should hit the president over his handling of the attack and why it took so long to acknowledge it was an act of terrorism. some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was pa
including paul ryan tight-lipped on the specifics of the romney plan to cut taxes but not blow up the deficit. >>> and no animals were harmed in the making of this video. skater dude meet deer. that clip later in the show. first to the news live at 5:30 a.m. at 30 rock in new york city. >>> we begin with stories from overseas where foreign policy is coming out as the central topic in the election with much of the recent focus on the attack on bengahzi, libya. romney advisers...
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Jun 13, 2012
06/12
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KRON
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>>host: after a decade of budget deficits, the city of san jose has a $9 million surplus going into 2012- 2013. that will allow the city to avoid making cuts and restore some services. under a plan put together by the mayor, the city will open four new libraries and the gasket and community center. $2 million is going towards think prevention for, rover appears in infrastructure upgrades using what is left of the deficits. this surplus is a one time deal made possible because of previous layoffs and cutbacks. the mayor says the city is still facing a $22 million budget deficit due to the rising cost of retirement benefits. >>vern: live at the olympic club, tiger woods and phil mickelson, two days before the first round, they play against each other x, but what are they saying a out each other? that is straight ahead. >>catherine: still ahead, we chat with the man who found a picasso drawing propped against a fence in his neighborhood. a government official from california loses his job over child abuse charges. we will hear from a neighbor who allegedly caught him in the act. >> italy go
>>host: after a decade of budget deficits, the city of san jose has a $9 million surplus going into 2012- 2013. that will allow the city to avoid making cuts and restore some services. under a plan put together by the mayor, the city will open four new libraries and the gasket and community center. $2 million is going towards think prevention for, rover appears in infrastructure upgrades using what is left of the deficits. this surplus is a one time deal made possible because of previous...
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Apr 4, 2012
04/12
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MSNBC
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spending money, you should do it responsibly and deficit spending has its place. however, that permits governments to be irresponsible. look how the stimulus money was mismanaged. the dozen or so energy projects destined for bankruptcy before they were purchased. we have to be careful to say debt is okay, it's just a matter of managing what you spend. >> do you disagree with that, simon? >> yes, i do disagree with that. i think the fundamental point about 200 years, more than 200 years -- we go back to alexander hamilton, go back to the constitutional convention when he became secretary of the treasury. the premise was, issue debt when you need it. we've had six big debt surges in american history. none of those led to massive mismanagement of public spending. what's changed is the tax revolt. a huge shift in the political preferences of the republican party elite, prioritizing above all else cutting taxes. they used to care about being careful with the national debt. from the '70s they stopped caring about that. that is why the debt has got out of control. >> jon
spending money, you should do it responsibly and deficit spending has its place. however, that permits governments to be irresponsible. look how the stimulus money was mismanaged. the dozen or so energy projects destined for bankruptcy before they were purchased. we have to be careful to say debt is okay, it's just a matter of managing what you spend. >> do you disagree with that, simon? >> yes, i do disagree with that. i think the fundamental point about 200 years, more than 200...
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Jun 7, 2012
06/12
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KPIX
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san jose has had to in years of deficit and many firefighters and police officers have been laid off. they said that measure b violates state law. >>> were prepared for litigation as we employ this over the next year. there is no doubt about that. >>> if this implemented here's what measure b would do. it would pay six seemed more they would be paying 15% of measure costs. measure is a victory for the mayor. >>> gov. jerry brown has his own pension reform plan to cut the state capital. >>> you know sacramento, of the move slowly. i just spoke with the leadership and they will take on it very soon. we are working on a very tough budget. we're going to get pension reform one way or another. >>> and prop 29 is still up in the air. right now the measure is failing by 63,000 votes. thousands of many more boats are still coming to be counted. prop. 29 would raise cigarette tax. >>> very nice to see you guys. i've been camping up in the mountains with my family. i'm glad to be back. we have some great weather ahead. high pressure is claimed to be building in between the weekend from now in.
san jose has had to in years of deficit and many firefighters and police officers have been laid off. they said that measure b violates state law. >>> were prepared for litigation as we employ this over the next year. there is no doubt about that. >>> if this implemented here's what measure b would do. it would pay six seemed more they would be paying 15% of measure costs. measure is a victory for the mayor. >>> gov. jerry brown has his own pension reform plan to cut...
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Jan 1, 2012
01/12
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KNTV
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when president obama became president, he pushed forth a budget that was about job creation, about deficit reduction, about lowering taxes for the middle class and about stabilizing our economy. >> it's safer now in new york in particular, and one of the things i would ask people to think about on september 11 is that this threat is not over. this is not history. >> hello. my name is watson. >> we're talking to craig monday today from microsoft. >> you can see as far as you and i interacting, it's quite natural. >> so there's you and i, me and maria. this is a kind of nerdy project for me to be so plucky in front of the camera, but this is a way for my fans to be more connected to my brain. >> people ask what motivates you, keeps you going, and it's just a simple three-word motto, which is purity of motive. >> what am i observing, what am i feeling, what's the need here and what's the best way to fulfill that need? >> every time i hear you say nba champ, i still get goosebumps. the business is a sport that's played 24 hours a day, 7 days a week, every day forever. >> it's such an ideal pla
when president obama became president, he pushed forth a budget that was about job creation, about deficit reduction, about lowering taxes for the middle class and about stabilizing our economy. >> it's safer now in new york in particular, and one of the things i would ask people to think about on september 11 is that this threat is not over. this is not history. >> hello. my name is watson. >> we're talking to craig monday today from microsoft. >> you can see as far as...
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Oct 4, 2012
10/12
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about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas a
about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18...
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Oct 12, 2012
10/12
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WMPT
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budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. >> susie: a new housing boom? >> susie: a new housing boom? a lot of talk and headlines about a recovery in housing. even consumers are feeling more confident as they see signs of a pick up in housing. next week we'll get more direction on where the nation's housing market is headed with the latest monthly numbers on new home construction and sales of existing homes. diane eastabrook reports. >> reporter: it looks like the housing market is finally emerging from its long funk. in august existing home sales increased nearly 8% to their highest level in more than two years. home construction is gaining steam along with builder confidence. and the standard and poors case shiller home price index which tracks home price
budget deficit topped $1 trillion in fiscal 2012. that's our fourth-largest budget deficit since world war two. that held wall street's gains in check: the dow rose 2.5 points, the nasdaq fell five. the s&p down four. for the week, the major averages were all off more than 2%. the nasdaq was hit the worst, down almost 3%. >> susie: a new housing boom? >> susie: a new housing boom? a lot of talk and headlines about a recovery in housing. even consumers are feeling more confident...
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Sep 7, 2012
09/12
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CNBC
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as a result we have been adding 8 to 10% to the deficit every year. now we are talking about having a debt to gdp ratio of around 70%. we are going to look like italy soon. >> i know. that's the problem. we can't afford it. so much of this stuff is making promises we can't afford. anyway, ed lazear, thank you very much for coming on. >> thank you. >> coming up, fed stimulus. that's what the jobs number is supposed to represent. you think markets would have been jumping for joy. why the gloomy stock market action? other than gold which had a great day. we'll ask phil orlando of the distinguished federated investors. later on, not only was the jobs number an economic disaster, it was a political disaster. obama's failed speech and failed jobs creation has now opened the door wide for mitt romney. he's got a big opportunity. our free market friday panel is going to sound off. folks, as always, don't forget. free market capitalism is the best path to prosperity. if we had more free market capitalism and more economic freedom we would be growing jobs at 4,
as a result we have been adding 8 to 10% to the deficit every year. now we are talking about having a debt to gdp ratio of around 70%. we are going to look like italy soon. >> i know. that's the problem. we can't afford it. so much of this stuff is making promises we can't afford. anyway, ed lazear, thank you very much for coming on. >> thank you. >> coming up, fed stimulus. that's what the jobs number is supposed to represent. you think markets would have been jumping for...
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Dec 31, 2012
12/12
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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Oct 14, 2012
10/12
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FBC
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washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. none other than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is john browne he believes they do not deserve the award. we also have the opposing view. richard, i will read the review of the european union for over six decades continue to the event apiece and reconciliation and human-rights in europe. why do you think they chose the e.u.? >> first, you and i are young but if you look back 70 years they only had the balkans war. europe has been saved and pay it -- peaceful. is a little aspiration all. that the european union do more. >> should you have the economies that were also? >> piece was insured by nato and the deterrent combined with the united kingdom
washington has run four straight years of trillion dollar deficit he has not cut the deficit in half of the was an office the gap between the revenue it took in 2.5 trillion of taxes but spent 3.5 trillion it is now going to hit the limit before the year is out. the each of $51,000. debt ceiling debate anybody? look at those numbers. of the nobel peace prize has done it again. none other than the european union. despite the debt crisis and poor fostering peace and democracy. joining me now is...
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you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speaker of the hous unveiling -- on dealing with the fiscal crisis one more time. >> in many homes across america ad is a very, ver lean time. you cannot cut your way to deficit reduction. lou: today said nority leader appeared to be trying to outperform policy and the political rhetoric of the absurd . senator reid's reason to be wary ofeducing spending. >> the european community now is concerned about all the austerity. there are many, my things you can do to reduce debt but still have a stimulus aspect of the economy. >> that -- lou: the sete's top democrat believes we should return to europe for inspiration and guance for fisal policy, taking greece, perhaps, as a standard for dealing with economic and budget crises. the speaker did a charge the president is slow walking th nation to the brink of a fiscal cliff. that is one of the speakers
you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speaker of the hous unveiling -- on dealing with the fiscal crisis one more time. >> in many homes across america ad is a very, ver lean time. you cannot cut your way to deficit reduction. lou: today said nority leader appeared to be trying to outperform policy and the political rhetoric of the absurd ....
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Dec 30, 2012
12/12
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part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge opportunity around energy. we are producing more energy and america can become an energy exporter. how do we do that in a way that also deals with some of the environmental challenges that we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year, is make sure that taxes are not going up on middle class families. and because it is going to be very hard for the economy to sustain its current growth trends if suddenly
part of that is deficit reduction. part of it is also making sure that we're investing for example in rebuilding our infrastructure. which is broken. and if we are putting people back to work rebuilding our roads, our bridges, our schools -- in part paying for it by some of these broader long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, we've got a huge...
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Oct 4, 2012
10/12
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they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with positive job growth. he has to continue to press governor romney that he's not putting forth the specifics of how he would do the various things he promised. it is a choice right now between two alternatives. i think problem's is based on the reality of the decisions we must make together as a people if we want a better and stronger economy. don't miss lawrence o'donnell on msnbc, the place for politics. here is a look at other news. in south carolina, a violent attack caught on camera. a convicted robbery defendant surprised his public defender with a roundho
they were deficit financed in the first place. the president is counting on savings from last year when the white house and congress raised the debt ceiling. >> andrea mitchell reporting. lawrence o'donnell asked martin o'malley what president obama should do next time he faces mitt romney in a debate? >> i think the president has to keep doing what he's doing. be truthful about why he made the choices he made. keep talking about the fact we are moving forward, not back with...
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. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts to come together and tax this entlement creep. we mention obama ape lot. he hasn't helped the numbers. but when you look at enment spending it goes up under a republican president. he can go in this and blame the republicans. >> i didn't know there was a entitlement creep. maybe i got you wrong. >> it is it an itch. >> and john, what abouthis. we have a budget if you can call it a budget that includes tax increases and no cuts at all from our treasury security. >> the tax increase aspect is ridickulous. we have a spending problem . you look at entitlements. i think it is i i don't they should exist. we did make promises and so the ide
. >> and that is increasing and guess what, that adds up to the deficit, right? >> david, the problem is deeper than wh you are describing. this goes back decades. when you look at entitlement spending over the last half century, it has steadily crept up four percent every year and that includes adjustments for pulation growth. so what then? you increase taxes four percent every year? that is absurd. at some point we need both parts to come together and tax this entlement creep. we...
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. >> and the nonpartisan analyst paces the new deficit at $13 billion next year so getting the underground economy to pay up would solve half of that. >> and the initiative to make california go to a two year budget psych jill beginning to gather signatures. and this would end brinksmanship seen every june. supporters say it would provide school was ability to plan as well as turn politicians into part timer autos and to me that is what they need to do. we've got to shake this place up. there is 6761 bills. make sure they budge writ properly on a two-year basis. >> that needs about 800,000 signatures to qualify and it's decision day in iowa after months of campaigning. first votes will be cast. and here is a live look now at shuler elementary school in des moines, one of many schools using private homes when gathering to test the first votes. and republicans are looking for support the president is hosting a lividdo conference. he will outline accomplish manies in the first term and ask for their support. >> and still ahead a local company will let you check your credit report free. but...
. >> and the nonpartisan analyst paces the new deficit at $13 billion next year so getting the underground economy to pay up would solve half of that. >> and the initiative to make california go to a two year budget psych jill beginning to gather signatures. and this would end brinksmanship seen every june. supporters say it would provide school was ability to plan as well as turn politicians into part timer autos and to me that is what they need to do. we've got to shake this place...
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May 18, 2012
05/12
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CSPAN3
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deficit reduction and growth, there are not alternatives. delivering the first is absolutely vital in securing the second. if markets don't believe that you are serious about dealing with your debts, your interest rates will rocket and your economy will shrink. now, britain cannot cut itself off from what happens elsewhere. as our biggest trading partner the problems in the eurozone are affecting britain, too. and as we prepare for the potential storms, we should, i believe, be both resolute and comforting. resolute because we will do what it takes to kell ter the uk from to weather the storms. outside the euro we do have greater flexibility. we have our own currency, our own central bank with responsibility for monetary and financial stability. we have trade relationships with all parts of the world. we actually invest more around the world per capita than america and last month our trade in goods with countries outside the european union hit a new record 13 billion pounds. so we will make the most of this flexibility to drive the strong de
deficit reduction and growth, there are not alternatives. delivering the first is absolutely vital in securing the second. if markets don't believe that you are serious about dealing with your debts, your interest rates will rocket and your economy will shrink. now, britain cannot cut itself off from what happens elsewhere. as our biggest trading partner the problems in the eurozone are affecting britain, too. and as we prepare for the potential storms, we should, i believe, be both resolute...
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Dec 30, 2012
12/12
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none is talking about how do we, you know, truly bring down the 16 trillion dollar deficit. instead of loaning u marks toward 20 plus. there are thingshat are ultimately up for play. mortgage interest deduction is up for play and the health care that it provides for you, that's taxed at some point. at the least, it's means tested and some people aren't going to get it, but ultimately, this government has a ferocious appetite for spending and all of these cuts that we're talking about, even though they will hurt everyone, they're just a drop in the bucket forhere we're going. >> i just laughed, ben, as soon as you saw mortgage deduction, i was ready to go-- >> houses and a problem-- >> how much did you say. >> don't you have nine houses? >> morehan that. more than that. >> don't admit that, ben. >> the ideas clobbering the housing market on its knees after it's been on its back four or five years, that's crazy, craziness. >> moron the housing market coming up. i don't want to stick to that, but that-- again, we don't want ben to faint in the middle of the segment, but, sarah,
none is talking about how do we, you know, truly bring down the 16 trillion dollar deficit. instead of loaning u marks toward 20 plus. there are thingshat are ultimately up for play. mortgage interest deduction is up for play and the health care that it provides for you, that's taxed at some point. at the least, it's means tested and some people aren't going to get it, but ultimately, this government has a ferocious appetite for spending and all of these cuts that we're talking about, even...
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Nov 30, 2012
11/12
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two summers ago, congress realized that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. put it another way. if there was an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work required to protect ourselves from asteroids. >> see, that's one way of looking at it. yes. >>> halle berry's thanksgiving day drama seems to be winding down. progress has been made regarding the holiday fistfight between hallry berry's ex-boyfriend, gabriel aubry, and her current fiance. in a statement, berry's lawyer said she and aubrey have reached an amicable agreement. berry had a restraining order put into effect after that fight to keep aubrey from seeing their 4-year-old daughter. >>> so lindsay lohan, she's done it again, arrested thursday for allegedly punching a woman in the face in a new york ci
two summers ago, congress realized that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. put it another way. if there was an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work required to...
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there are studies that say over million people and other deficits, close the huge deficits might not have a huge effect on the economy, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it out of the system cutting and raising taxes and the small or deficit. that means that people are going to be out of work, almost by definition in the short run. but in the long run it's a healthier economy that doesn't go down the path of greece. if the long run greece would have low unemployment, but they do not, but yes, we're going to go a percent, if it happens the worse case scenario, but in five years we won't be not able to borrow money. >> brenda: julian, you can go ahead and respond. >> first of l, the ernst & young study has been debunked over and ov. and number two, the bush tax cuts,
there are studies that say over million people and other deficits, close the huge deficits might not have a huge effect on the economy, however, if xes across the board and let's not forget the spending cuts that are ought maic in the defense industry, defense industry alone is looking at hundreds of thousands of job cuts next year with nos mandatory cuts go into effect. i'm not saying they are. so it's both cutting and taxing, we're too focus on the tax. bottom line, the government takes it...
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Dec 30, 2012
12/12
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it would have an impact on the deficit. the president and democrats said they would like to have more deficit reduction but they don't want middle income seniors paying for that. it's a tough, tough point. the president said he would be open to entitlement changes in a bigger, broader deal. that's not what this was intended to be in the last 48 hours or so. i don't have a crystal ball. the moment we are in right now, it's not looking good. >> kelly o'donnell, live on capitol hill. we will check back in with you. thank you so much. again, the update, the highlight there from kelly o'donnell. there's been a major setback at this point in negotiations. according to democratic sources telling some democrats they are in a worse place in the negotiations now than they have been in some time. we're keeping a close eye on capitol hill. all the fiscal cliff business, maybe we put it aside at some point. we are not going to talk about that. by all accounts, 2013 should be a year of economic recovery. it should be. in a new article in
it would have an impact on the deficit. the president and democrats said they would like to have more deficit reduction but they don't want middle income seniors paying for that. it's a tough, tough point. the president said he would be open to entitlement changes in a bigger, broader deal. that's not what this was intended to be in the last 48 hours or so. i don't have a crystal ball. the moment we are in right now, it's not looking good. >> kelly o'donnell, live on capitol hill. we will...
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Nov 12, 2012
11/12
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FBC
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you don't get enough revenue to make a difference to the deficit or debt. i want to talk to you about patty murray in the senate he said, was distraught over the fiscal cliff. >> we can to accept an unfair deal that tells all of this on the middle-class and tells them they have to support it. we have to make sure that the wealthiest americans pay their fair share. if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expired and we will start over next year gerri: and she likes that idea. let's just drive over the fiscal cliff. is that an option? >> it is an option, both politically and economically it will be a mistake because the president learned from the debt shut down. there is a big car full of congress and no deal and it's all poisonous, he is heard as well as congress. he has to be aware of that. and just the economic effects. we have seen some of the effects of the uncertainty now. just imagine going into january with these rates going up. the democrats and the president would try to blame
you don't get enough revenue to make a difference to the deficit or debt. i want to talk to you about patty murray in the senate he said, was distraught over the fiscal cliff. >> we can to accept an unfair deal that tells all of this on the middle-class and tells them they have to support it. we have to make sure that the wealthiest americans pay their fair share. if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expired and...
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Dec 31, 2012
12/12
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part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work, rebuilding roads, bridges, schools, in part paying for it by some of these broader, long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, you know, we've got a huge opportunity around energy. we are producing more energy, and america can become an energy exporter. how do we do that in a way that also deals with the environmental challenges we have at the same time? so that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1, if congress doesn't act before the end of the year, is to make sure that taxes are not going up on middle class families. because it is going to be very hard for the economy to sustain its current growth trends if suddenly we
part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work, rebuilding roads, bridges, schools, in part paying for it by some of these broader, long-term deficit reduction measures that need to take place, that will grow the economy at the same time as we're also setting our path for long-term fiscal stability. number three, you know, we've got a huge...
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May 31, 2012
05/12
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did way to keep the deficit and posted any seizures me ram balkans principal joy is an owner who is african-american and stuck to our staff at the edges of go off by the drug tonight without commentary cbs five viewer and did, the display and salting. in such a racist and demeaning manner and under the guise of promoting education development. the quake that because elk grove says so-called back black and brown boys underperform compared to whites and asian boy is said teachers on 19 campuses in the district grass to id black and latino boys to boost them from basic to advanced. csi has learned he is held three separate meetings with ministers fighting to remove the pictures in slogan yet uncovered nothing to suggest anyone ever informed parents hypes but on monday the temperature's humbles all 19 schools. >>> the union president declined an on-camera interview but tells me by phone to his whenever photographs and close the photos of special needs kids eyes of love of sea brent of us permit the bracken on brown boys she says as the district but tony garcia declined an on-camera interview but did sen
did way to keep the deficit and posted any seizures me ram balkans principal joy is an owner who is african-american and stuck to our staff at the edges of go off by the drug tonight without commentary cbs five viewer and did, the display and salting. in such a racist and demeaning manner and under the guise of promoting education development. the quake that because elk grove says so-called back black and brown boys underperform compared to whites and asian boy is said teachers on 19 campuses...
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deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think mitt romney has to do more of that. has he been specific with his plan? he laid five out in the debate, which is more than the president did. that's why independents thought mitt romney did very, very well. >> let me ask you about one of the issues where they differ, medicare. that is a big deal in florida romney says he supports vouchers for medicare, a plan that is not very popular. how does play in florida with all those seniors? >> right now in florida, you've got about 12 million registered voters. 36
deficits. they both have a little problem with details. but there is a big, i would strike a big contrast if i was mitt romney. i would put a working state on one side and a welfare state on the other side and i would say america would be much, much better if dollars were earned instead of dollars awarded. it is time to stop rewarding our friends and punishing our enemies and having the government treat every american the same, which is a foundational principal of the rule of law. and i think...
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Jun 3, 2012
06/12
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about how much you will invest as well when you don'tt know the outcome of the serious issues -- the deficit or even such a thing as raising the debt limit. who wants to invest in that kind of climate? >> to answer the question charles said about the ryan plan the ryan plan n does do some irresponsible stuff on entitlements -- some responsible stuff on entitlements, but it is a hopeless plan because there are no tax increases. no reasonable economist has said that you can get away with cutttting taxes. you have to somehow raise revenues, we cannot get out of this fix. you need people to spend money to aid people don't spend momoney unless an they feel well to the confidedence -- the state bank feel relatively confident -- unless theyy will have a confident. of course businesses aren' not going to invest. they don't have people buying their stuff at the moment. >> where has austerity worked? what is the laboratory -- where has it worked politically? >> it worked in germany which 10 years ago, began austerity began renegotiating contracts with unions, had cut back in wages, and as a rest has w
about how much you will invest as well when you don'tt know the outcome of the serious issues -- the deficit or even such a thing as raising the debt limit. who wants to invest in that kind of climate? >> to answer the question charles said about the ryan plan the ryan plan n does do some irresponsible stuff on entitlements -- some responsible stuff on entitlements, but it is a hopeless plan because there are no tax increases. no reasonable economist has said that you can get away with...
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Apr 16, 2012
04/12
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CNBC
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>> you want to put a deficit package that will bring down our deficit. if you want to have the funds to bring the deficit down and do things like the president proposes like continue a $2,500 college tax credit for millions and millions of americans and you want to be able to afford that type of catch really for middle income families and still bring down the deficit, you have to make some tough choices. one of those tough choices is to do something like the buffett rule which compared to current tax rates would raise $160 billion. now, when you're putting a deficit reduction package together, you have to look how else would you get that $160 billion? would you rather do it by deeper cuts on the most vulnerable and their health care? would you like to do it by taking away tax cuts for the mid l class? >> i think there's obvious no good way to do it. if we have to make significant changes to medicare and other entitlements having those people own up is better than -- >> i keep describing exactly that our administration's view is this is one component of a
>> you want to put a deficit package that will bring down our deficit. if you want to have the funds to bring the deficit down and do things like the president proposes like continue a $2,500 college tax credit for millions and millions of americans and you want to be able to afford that type of catch really for middle income families and still bring down the deficit, you have to make some tough choices. one of those tough choices is to do something like the buffett rule which compared to...
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Nov 15, 2012
11/12
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it is designed to get the deficits and these enormous debt to gdp levels under control. the problem, of course, is there a human cost and there is an economic cost. the cost of the human front is unemployment. in spain and greece, for instance, 25% of the people are unemployed. and there is negative growth. in spain today we had negative 1.6% gdp figures. if austerity goes on, the people you see on the pictures are protesting and understandably. they're seeing the standard of living decline aggressively on the back of the tax hikes. it sounds familiar to the debate you're having in the united states. the difference is we're living it now. you're talking about it in the future as well. so the potential ramifications of the fiscal cliff have affected europe. >> shoot me an e-mail at waytooearly@msnbc.com. let me know why you're awake right now. we've moved things around a little bit. we'll read the best responses later in the show. >>> still ahead on a what early," as if things were not bad enough for the jets on the field, now people are sniping with reporters as the team
it is designed to get the deficits and these enormous debt to gdp levels under control. the problem, of course, is there a human cost and there is an economic cost. the cost of the human front is unemployment. in spain and greece, for instance, 25% of the people are unemployed. and there is negative growth. in spain today we had negative 1.6% gdp figures. if austerity goes on, the people you see on the pictures are protesting and understandably. they're seeing the standard of living decline...